Friday, December 05, 2003

Northward, Ho!

Been up to Shanghai couple of times now...amazing how many people you bump into there who recently parachuted into the glittering land of gold. The business activity is amazing, with new restaurants, ventures, partnerships getting launched. There is a degree of recklessness that makes blood rush to one's head, in a way similar to the feeling generated by being in an ever accelerating car. A friend of mine who has been there for 10 years is similarly affected. Having been in the manufacturing sector all this time, he recently opened a restaurant, signed up national distributorships for two major european brands, and is in the process of launching more ventures. How is it possible that one can have enough resources to do all these things, competently? Perhaps that's not the question to ask. The point is, there is business to be done there, resources or not. And people are therefore taking the approach that says throw it against the wall and see what sticks. If there's a viable venture, the thinking goes, money will come after it. Opportunities attract resources...not a bad perspective.

I'm working on an opportunity in Shanghai that I hope to be able to share with you soon. Should be exciting...and this time it has to do with favorite topic!


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